Nairobi, March 20 -- NCBA Group has tapped a $50 million (Sh6.73 billion) loan from French development finance institution Proparco for on-lending to small and medium-sized enterprises (SMEs) and those whose activities help combat climate change.

The lender says that 60 percent of the money will go to SMEs while 40 percent will be directed to businesses committed to combating climate change risks.

NCBA's chief executive John Gachora said the long-term financing fits into the lender's sustainability agenda that among others seeks to mobilise money towards green financing and grow loans to women and youth.

"As NCBA, collaborative efforts and strategic partnerships are integral to the value that we deliver to all our stakeholders," Mr Gac...